ProShare Advisors LLC Purchases 4,076 Shares of Materion Co. (NYSE:MTRN)

ProShare Advisors LLC lifted its position in shares of Materion Co. (NYSE:MTRN - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,504 shares of the basic materials company's stock after acquiring an additional 4,076 shares during the period. ProShare Advisors LLC owned approximately 0.36% of Materion worth $7,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MTRN. Capital Research Global Investors grew its position in Materion by 16.3% in the 4th quarter. Capital Research Global Investors now owns 1,838,484 shares of the basic materials company's stock worth $181,789,000 after purchasing an additional 257,637 shares during the period. Raymond James Financial Inc. bought a new stake in Materion in the 4th quarter worth approximately $10,399,000. Norges Bank bought a new stake in Materion in the 4th quarter worth approximately $5,037,000. Millennium Management LLC grew its position in Materion by 290.6% in the 4th quarter. Millennium Management LLC now owns 57,907 shares of the basic materials company's stock worth $5,726,000 after purchasing an additional 43,083 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Materion by 69.1% in the 4th quarter. JPMorgan Chase & Co. now owns 103,799 shares of the basic materials company's stock worth $10,264,000 after purchasing an additional 42,414 shares during the period. Institutional investors own 93.56% of the company's stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp reissued a "sector weight" rating on shares of Materion in a research report on Wednesday, May 7th.

Materion Stock Performance

Shares of MTRN stock traded down $0.02 during mid-day trading on Friday, reaching $76.72. 124,143 shares of the company's stock traded hands, compared to its average volume of 107,211. Materion Co. has a 12 month low of $69.10 and a 12 month high of $123.21. The firm has a 50 day moving average price of $79.82 and a two-hundred day moving average price of $94.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 3.19. The firm has a market capitalization of $1.60 billion, a PE ratio of 264.55 and a beta of 0.85.

Materion (NYSE:MTRN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.01. Materion had a net margin of 0.35% and a return on equity of 12.42%. The firm had revenue of $420.33 million during the quarter, compared to the consensus estimate of $396.83 million. During the same quarter in the previous year, the firm posted $0.96 EPS. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts forecast that Materion Co. will post 5.5 EPS for the current year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.14 per share. This is an increase from Materion's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, May 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. Materion's payout ratio is presently 112.00%.

Insider Activity

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $80.45, for a total value of $160,900.00. Following the completion of the transaction, the vice president now owns 13,376 shares of the company's stock, valued at approximately $1,076,099.20. This represents a 13.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company's stock.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.